Metal Foam Market Size, By Product (Open-cell, Closed-cell), By Material (Aluminum, Copper, Zinc, Titanium), By End-use Sector (Automotive, Aerospace, Building & Construction, Healthcare, Energy), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trend, Competitive Market Share & Forecast, 2021 – 2027

Industry Trend

Metal foam market size was USD 67.6 million in 2020 and will grow at a CAGR of 4.7% from 2021 to 2027. Increasing demand for lightweight products in the automotive market with the aim to provide design flexibility and enhanced efficiency has increased the consumption of metal foam in recent years.
 

Prominent qualities of metal foams including electrical proficiency, thermal management, and shock-absorption properties are projected to drive the metal foam market demand. There is a developing interest in aluminum foams in car and transportation businesses attributed to their high strength, low weight, and toughness, which is projected to support the market expansion. Environmental guidelines on low vehicular contamination by the utilization of lightweight car parts are additionally expected to drive the market advancement.
 

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Moreover, growing research and development facilities to develop new technologies and minimize product cost are expected to favor the metal foam market development. Developing construction, aviation, and defense businesses are providing new opportunities to the industry players.
 

Metal foam has been extensively used in the automotive industry to increase the passive safety of cars. In 2017, around 96.80 thousand motor vehicles were sold and around 97.30 thousand were produced, worldwide. Metal foam is largely used in automotive manufacturing and is its major consumer globally, in terms of both volume and value. These foams are progressively used in bumpers and anti-intrusion bars in vehicles. The product’s low weight nature also aids in decreasing the vehicle weight, which in turn, results in improved fuel consumption.
 

Nevertheless, the uneven pore structure of the foam makes it difficult to bond and weld with similar or different metals with proper surface finish and is also not suitable for screwing & embedded fastening-based applications. This is because the metal foam when treated under high tensile load and impact force is prone to brittle fracture, which may lead to the breakdown of the entire material rather than a specific portion, hampering the metal foam market share.
 

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Open-cell foams are estimated to dictate the market by 2027

The global open-cell metal foams segment is projected to cross USD 45 million by 2027. This segment can be manufactured in a huge spectrum of pore concentration & volumes and the modifiable pore size varies between 0.3 to 0.5 mm. Its high mechanical strength, variability, sound absorption, and heat & fluid adsorption characteristics make it seamless for heat insulation, catalytic converter substrates, and sound & vibration absorption applications in numerous industries. The product is also widely used for catalysis and filtration in heat exchangers.
 

Aluminum foams to hold the maximum market share

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Aluminum foams dominated the product segment with more than 50% market share in 2020. These segments are metal construction, which is framed by infusing air into the molten liquid metal and is given a necessary surface appearance in a controlled manner. This aids in expanding a material's solidarity to weight proportion, thus improving its durability.
 

Aluminum foam is a recyclable & lightweight material, which is non-toxic and assimilates vibrations & stuns. The properties of aluminum foams are used in different applications. The broad application of aluminum foam in different enterprises, including aerospace, automotive, construction, and other industrial applications, may augment the metal foam market revenue by 2027.
 

Automotive is anticipated to be the key consumer of metal foam

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Based on applications, the metal form market has been characterized into automotive, aerospace, building & construction, healthcare, energy, and few others including consumer goods, marine, railways, etc. The automotive segment held the largest market share and will exhibit a CAGR of over 5% by 2027.
 

Metal foam has been extensively used in the automotive industry to increase the passive safety of cars. Metal foam reduces vehicle weight without compromising on the structure strength. This decrease in weight improves the vehicle dynamics, diminishes energy consumption, and enhances the fuel economy, driving the market for metal foam during the forecast timeframe. Mounting demand for lightweight products in the automotive business to offer design flexibility and increased effectiveness has increased the consumption of metal foams in recent years.
 

North America is projected to be amongst the foremost regional markets

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North America was likely to be responsible for over 30% revenue share in 2020. North America governs the global metal foam consumption due to the increasing demand for electric vehicles in the geography. Furthermore, improvement in automotive usage due to consistent government strategies in the region will stimulate the market size. Escalating product use in regional medical applications is propelling the use of metal foams, directly surging the metal foam market share by 2027.
 

The metal foam industry is moderately consolidated. Key players involved in the industry are Reade International Corp., Ultramet, SELEE Corporation, Erg Aerospace Corporation, Cymat, Foamtech Global Co., Shanxi Putai Aluminum Foam Manufacturing, Spectra-Mat, Inc., IWE Greifswald, Aluntam Corp., AlCarbon, Bauer Cases, Cnem Corporation, American Elements, and Nanoshel.
 

The metal foam market report includes in-depth coverage of the industry with estimates & forecast in terms of volume in square foot and revenue in USD million from 2017 to 2027 for the following segments:
 

By Product

• Open cell
• Closed cell

By Material

• Aluminum
• Copper
• Zinc
• Titanium

By End-use Sector

• Automotive
• Aerospace
• Building & construction
• Healthcare
• Energy
• Others

The above information is provided on a regional and country basis for the following:

By Region

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • Indonesia
  • Malaysia
  • South Korea
• Latin America
  • Brazil
  • Mexico
• MEA
  • South Africa
  • Saudi Arabia
  • UAE
  • Kuwait